Shares of the Chinese electric vehicle company Nio (NYSE: NIO) hit the brakes today following the release of the latest U.S. jobs data. The Bureau of Labor Statistics said 263,000 jobs were added in September, indicating a strong labor market.  

That has Nio investors worried, though, as a robust labor market could encourage the Federal Reserve to continue hiking interest rates. Additionally, Nio received a price-target cut by an analyst yesterday, which could be weighing on the stock as well.

As of 1:54 p.m. ET, shares were down 7.1%.

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Source Fool.com